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TREAS/IRS | RIN: 1545-BN78 | Publication ID: Fall 2019 |
Title: 7874 Inversion Reporting | |
Abstract:
These proposed regulations provide new reporting requirements for certain domestic entities that are acquired by a foreign corporation. Current information reporting regimes do not provide sufficient information to determine the potential application of section 7874 and other provisions to an acquisition of a domestic entity by a foreign corporation. These regulations provide that the IRS will issue a new form to collect the necessary information, as well as information regarding certain post-acquisition transactions. |
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: No |
EO 13771 Designation: Other | |
CFR Citation: 26 CFR 1 | |
Legal Authority: 26 U.S.C. 7805 26 U.S.C. 7874 |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-137614-16 Drafting attorney: Shane McCarrick (202) 317-6937 Reviewing attorney: Charles P. Besecky (202) 317-6937 Treasury attorney: N/A CC:INTL | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Andrew Wigmore Attorney Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Washington, DC 20224 Phone:202 317-6937 Fax:202 317-4922 Email: andrew.l.wigmore@irscounsel.treas.gov |